June 1, 2020  
 
  Entrepreneurial Resources - Advice for Wisconsin Entrepreneurs  
  Owen, Wisconsin Resources for Entrepreneurs  
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Starting a Business in Owen, Wisconsin

Thinking about starting a business in Owen, Wisconsin? This step-by-step guide walks you through the major decisions you should consider before opening a new business in Owen.

What Business to Start

Choosing a business that is right for you is very important. We recommend that you read Evaluating Your Idea.

If you still are not sure what type of business to start, peruse the Good Businesses to Start section of our site. For example, you might be interested in our How to Start a Land Use & Zoning Attorneys Firm guide or our Starting a TDD/TTY Telephone Service guide.

Always keep in mind that Owen is the place where you are starting a business. The business you want to start may already be well-represented in Owen. A critical consideration is whether Owen demographics mesh well with your startup concept.

Owen, Wisconsin Demographic Information

Owen has an active business community that includes small businesses, mid-sized businesses and large businesses.

To give you a better feel for Owen demographics for small businesses, we have tabulated the small business sizes, based on number of employees, for business in Owen.

Business Size# of
Businesses
1-4 Employees 77
5-9 Employees 39
10-19 Employees 15
20-49 Employees 6
50-99 Employees 0
100-249 Employees 3
250-499 Employees 0
500-999 Employees 0
1000+ Employees 0
All Owen Businesses 140

As a new Owen entrepreneur, you may also be interested in the table below. It shows how many businesses there are in Owen for each business category. By looking at this chart, you can get a general sense for how much competition there is in the business niche that you are pursuing.

Business Type # of
Businesses
Ambulance Services 1
Bowling Centers 1
Car Washes 1
Cheese Manufacturing 1
Civic and Social Organizations 1
Finish Carpentry Contractors 1
Full-Service Restaurants 2
General Automotive Repair 1
Golf Courses and Country Clubs 1
Hand and Edge Tool Manufacturing 1
Land Subdivision 1
Machine Shops 1
Masonry Contractors 1
Natural Gas Distribution 1
New Car Dealers 1
Offices of Chiropractors 1
Offices of Dentists 2
Offices of Lawyers 1
Residential Remodelers 1
Savings Institutions 1
Snack and Nonalcoholic Beverage Bars 1
Solid Waste Landfill 1
Veterinary Services 1
Wired Telecommunications Carriers 1

Selecting a Name For Your Venture

Making the right decision when choosing a company name is very important. There are many decisions you'll make now that you can change later, but changing a company name years down the road is not very easy. So, choose a good company name at the outset.

Company names should be fun to say, and they should help people to understand what you do and how you differentiate yourself in the market.

To get up to speed on what makes for a good company name, we encourage you to read this useful article: Naming a Business.

On a final note, given that you are planning on starting a business in Owen, it's imperative that you check now that your company name has not already been claimed by another Wisconsin business.

The Role of the Business Plan

A business plan is vital in maximizing the prospects of your new company. Indeed, a business plan describes what you plan to do with the business and how you plan to do it. Starting a business without a business plan is a recipe for disaster.

If you want more information on writing business plans, we recommend reading Expert Advice on Business Plans. A great resource for business planning assistance is the free counseling sessions provided by your local SCORE chapter in Wisconsin.

Letting the World Know You Exist

To grow your Owen business, having an excellent marketing plan is fundamental to your doing well.

You can learn quite a bit about marketing on our site. Seven Marketing Ideas for Your Small Business discusses marketing strategy and tactical marketing in a way that should get you thinking about how to creatively promote your business. There are many more articles on marketing on our site. Visit our Small Business Marketing resource section to see them all.

Bring in Revenues

Mastering the art of selling is priority one if you want your new Owen business to do well.

Not knowing how to sell can result in lost customers and minimal market share. Let us help you refine your selling techniques through our many useful sales advice tips.

Compensating Sales People is worth reading, as it may give you some good ideas on how to sell your products or services. We have many more good articles on selling that you may enjoy reading.

Learning More About Entrepreneurship

The best business owners know that what they know now may not be enough to ensure their future success.

With your business being located in Owen, Wisconsin, you should check out some of the learning programs at local Wisconsin educational institutions. You should also check if there are any Owen networking organizations.

Moving Forward

Most new Owen businesses underestimate the number of challenges they will face.

Owning your own business will be a daunting task, but you can do it.

This site is all about helping entrepreneurs in Owen and elsewhere to achieve real success. We have a wealth of experience in business start-ups, financing, marketing, sales and more...and we've made all of our knowledge available to you.

More Entrepreneurial Resources for Starting a Business in Owen, Wisconsin

Here are more links that we believe will help you be successful in starting a business in Owen.

 

 

Additional Resources for Entrepreneurs

Buying a Business

Writing a Business Plan

Raising Money

Incorporate

Small Business Marketing

Advertising Advice

Public Relations -

Customer Service Tips

Entrepreneurial Selling

Workplace Safety